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Brussels, 14 April 2014
Commission welcomes the Council's adoption of the Access and Benefit Sharing (ABS) Regulation
Today, the EU adopted legislation that will implement an international agreement on access to genetic resources and the fair and equitable sharing of benefits arising from their utilisation (the so-called Nagoya Protocol) in the Union. Council has also adopted a decision which entitles the EU to ratify the Protocol.
"By adopting this legislation, the European Union is fulfilling a key commitment it made in 2010 under the Convention on Biological Diversity to establish rules for compliance with access and benefit-sharing for genetic resources and traditional knowledge associated with genetic resources. This will help ensure that biodiversity is sustainably used, create transparent rules for EU researchers and companies utilising genetic resources, and contribute to the sharing of benefits with the providers of those resources," said EU Environment Commissioner Janez Potočnik. "The EU is now in a position to swiftly ratify the Nagoya Protocol and contribute to its entry into force."